This week the government announced higher CPF grants and a raised income ceiling for first-time HDB buyers. More citizens are now eligible to buy new BTO flats or resale HDB flats. A recent advertisement from the CPF Board is seen at MRT platforms with a headline that reads, “In 2018, nearly one million Singaporeans used CPF for their housing and found what really sparks … [Read more...]
Is home ownership for everyone?
The Singapore government is planning to reach out to 1,000 HDB rental-flat families to help them buy their own flats. The scheme aims to mitigate income inequality and uplift lower-income families because “home ownership is key to providing stability and progress for families in the long run”. A Home Ownership Support Team will be set up to provide stronger, personalised … [Read more...]
When home ownership is a religion
Our Prime Minister said home ownership is Singapore’s key national policy. A high home ownership rate of 90 percent has improved the lives of Singaporeans significantly. It allows us to enjoy the fruit of the country’s economic growth. It also gives us a stake in the country and something to fight for. Did our leader have to emphasize this if all Singaporeans can see … [Read more...]
Property Soul Podcast Episode #5: Four Lessons Learnt From Old HDB Flats
Recently, there is public concern over what will happen to old HDB flats with less than 60 years in their remaining lease. There are 4 important lessons we learned from this matter. I will cover them in details in this podcast: Lesson #1: HDB flats is for your stay, not for investment. Lesson #2: The days of making big profits from HDB flats are over. Lesson #3: HDB … [Read more...]